Demographics & Development Statistics

Demographics

The City of Faribault tracks demographic and building activity data to watch for emerging growth trends and changing community characteristics. Market researchers, institutions, business leaders, and other governmental agencies use demographics to make decisions such as where to locate a business and whether to provide additional facilities and services. A summary of the most requested demographic information is shown below, with links to detailed demographic reports and building activity summary graphics.

For more detailed information regarding development and population trends, please contact the Community & Economic Development Department.
   
  

Population 

  

• 2000 Population: 20,818 (U.S. Census)
• 2010 Population: 23,352 (U.S. Census)
• 2015 Population (estimate): 24,090 (esri)
• 2021 Population: 24,746 (esri)
• 2026 Population (forecast): 25,324 (esri)

 

Households

• 2010 Number of Households: 8,317 (U.S. Census)
• 2015 Number of Households (estimate): 8,609 (esri)
• 2021 Number of Households: 8,895 (esri)
• 2026 Number of Households (forecast): 9,142 (esri) 

 

Income

• 2015 Median Household Income (estimate): $51,999
• 2015 Average Household Income (estimate): $62,705
• 2021 Median Household Income: $56,910 (esri)
• 2021 Average Household Income: $68,577 (esri)
• 2026 Median Household Income (estimate): $61,559 (esri)
• 2026 Average Household Income (estimate): $75,064 (esri)

 

Land

• Land Area: 13.402 square-miles